he is part of a campaign, funded by the california association of realtors, to stop the plan. wright says lending institutions have no legal obligation to negotiate with homeowners, and he fears they will no longer want to do business in richmond. >> if a lender wants to renegotiate, that's between the lender and the borrower. it's not for a municipality such as the city of richmond to become an interloper into someone else's agreement, utilizing strong arm tactics such as eminent domain to force them to have to renegotiate an agreement. >> reporter: wright also believes homeowners, many of whom claim predatory lending forced them into bad mortgages, bear the burden of responsibility, not the banks. >> in my 34 years with the real estate business, at no point in time have i ever seen anyone strapped to a chair, burned with cigarettes, pistol whipped, forced to sign a loan agreement. >> reporter: while emotions are running high in richmond, there's an even bigger battle underway between the city, supporters of the city's plan, and wall street. >> do i believe that wall street i